I have seen a trend towards xmas layoffs in recent years, and without warning. It is difficult because of the season itself, but much more so because at this time, usually no one is hiring or available to respond to your queries. If your financial pantry is not well stocked (6 mo min, I would say 1 year pragmatically), you could find yourself in deep trouble. God forbid you have any serious health issues and have to sign up for Obamacare. Dont forget you have to repay those premiums at tax time once you do get a job.